China Longyuan Power Group Corporation Limited announced that The Company has completed the issuance of mid-term notes of the Company on 17 January 2025. The aggregate issuance amount of the Mid-term Notes was RMB 2.5 billion with a term of 5 years, nominal value per unit of RMB 100 and coupon rate of 1.93%. The interest shall be accrued from 20 January 2025.
Shanghai Pudong Development Bank Co. Ltd. was the lead underwriter and Industrial and Commercial Bank of China Limited, Bank of Jiangsu Co. Ltd., Industrial Bank Co.
Ltd. and China Merchants Bank Co. Ltd. were the joint lead underwriters for the public offering of the Mid-term Notes. The proceeds raised from the Mid-term Notes are to be used for replenishment of working capital or repayment of the interest-bearing debts of the Company and subsidiaries.